Vermilion Energy Stock Forecast
Green day on Friday for Vermilion Energy
(Updated on Apr 26, 2024)
The Vermilion Energy stock price gained 0.499% on the last trading day (Friday, 26th Apr 2024), rising from $12.03 to $12.09. During the last trading day the stock fluctuated 2.10% from a day low at $11.93 to a day high of $12.18. The price has been going up and down for this period, and there has been a -1.55% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 101 thousand more shares were traded than the day before. In total, 649 thousand shares were bought and sold for approximately $7.85 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.46% during the next 3 months and, with a 90% probability hold a price between $14.21 and $15.79 at the end of this 3-month period.
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VET Signals & Forecast
The Vermilion Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.92 and $12.01. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vermilion Energy stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.40 and $11.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vermilion Energy finds support just below today's level at $11.40. If this is broken, then the next support from accumulated volume will be at $11.27 and $11.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.250 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: $11.52 (-4.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (VET) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Vermilion Energy Inc to open at $12.07, and during the day (based on 14 day Average True Range), to move between $11.76 and $12.42, which gives a possible trading interval of +/-$0.335 (+/-2.77%) up or down from last closing price. If Vermilion Energy Inc takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.24 (1.24%) than the support at $11.40 (5.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Vermilion Energy will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.89. We will update the financials statements for Vermilion Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.40% in the first trading day after earnings release.
Is Vermilion Energy Inc stock A Buy?
Vermilion Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.515 Hold/Accumulate Unchanged
Predicted Opening Price for Vermilion Energy Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $12.07 ( 0.193%) | $12.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.32 | 1.87 % | |
| R2 | 12.22 | 1.08 % | ||
| R1 | 12.16 | 0.597 % | ||
| Current price: | 12.09 | |||
| Support | S1 | 11.97 | -0.98 % | |
| S2 | 11.91 | -1.47 % | ||
| S3 | 11.82 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.59 | 4.14 % | |
| R2 | 12.55 | 3.80 % | ||
| R1 | 12.24 | 1.24 % | ||
| Current price | 12.09 | |||
| Support | S1 | 11.40 | -5.71% | |
| S2 | 11.27 | -6.78% | ||
| S3 | 11.00 | -9.02% |
VET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0889 | 0.742% |
| 2 | Nov 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0700 | 0.591% |
| 3 | Aug 02, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0749 | 0.496% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0750 | 0.593% |
| 5 | Mar 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0740 | 0.545% |
FAQ
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